NTT Inc. - Sponsored ADR (OTCMKTS:NTTYY) Sees Significant Decrease in Short Interest

Key Points

• NTT Inc. experienced a significant 38.6% decline in short interest in July, with totals dropping from 234,500 shares to 144,100 shares as of July 31st.
• Analysts at CLSA have downgraded NTT's stock rating to a "hold", contributing to a consensus rating of hold among investment analysts.
• In its latest earnings report, NTT missed earnings per share estimates by $0.01, reporting $0.54 compared to the expected $0.55, with revenue also falling short of analyst expectations.

NTT Inc. - Sponsored ADR (OTCMKTS:NTTYY - Get Free Report) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 144,100 shares, adeclineof38.6% from the July 15th total of 234,500 shares. Based on an average daily trading volume, of 185,800 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 185,800 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, CLSA upgraded shares of NTT to a "hold" rating in a report on Friday, May 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, NTT has an average rating of "Hold".

NTT Trading Up 0.3%

NTTYY stock traded up $0.0840 during midday trading on Friday, reaching $27.65. 78,615 shares of the company were exchanged, compared to its average volume of 61,774. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $26.44 and a two-hundred day moving average price of $25.81. NTT has a one year low of $22.80 and a one year high of $28.70.

NTT (OTCMKTS:NTTYY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The business had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $22.80 billion. NTT had a net margin of 7.20% and a return on equity of 8.87%.

NTT Company Profile

Nippon Telegraph and Telephone Corporation operates as a telecommunications company in Japan and internationally. It operates through Integrated ICT Business, Regional Communications Business, Global Solutions Business, and Others segments. The Integrated ICT Business segment offers mobile phone, domestic inter-prefectural communications, international communications, solutions, and system development and related services.